Flat for sale in Katherine Road, London E6

Shared Ownership

Full Market Value: £340,000

Share Value (75%): £255,000

Monthly Rent: £184.90

Service Charge: £237.60

Council Tax Band: C

125 year lease commenced April 2011 -112 years remaining

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

L&Q welcomes you to view this Two bedroom, first floor apartment

This bright and airy two bedroom apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan. Spacious main double bedroom benefitting from built-in storage cupboard and access to private balcony. Second double bedroom has floor to ceiling wndows and can be used as a bedroom or office. The bathroom comes complete with a white three-piece suite with a walk in shower cubicle, separate bath and a stone tile surround. Additional storage cupboard in hallway.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

Excellently located between East ham and Upton Park with easy access to A13. East ham station is just a 10 minute walk away and Central Park is just 15 minutes away. East London has a lot to offer within the boarders whilst still being well connected to central London.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £64,362. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024